The Liquidity Points Program has been running on Microchain (former MIRA) since 2 PM UTC on the 10th of March 2025. It has been helping us to build the community of like-minded Dinos who are ready to restlessly explore the DeFi space, like our Dino ancestors explored the Earth dozens of millions of years ago. The most loyal and hard-working of them has always been greatly rewarded. That’s the law of evolution, written on the rocks.

A strong community of liquidity providers and professional traders benefits all the parties involved and is one of the main objectives of the Microchain team. However, we won’t stop here; this program will be the next step towards the Microchain token launch and ve(3,3) model transition.

In this article, we will get more of the fellow Dinos on board.

>PROTOCOL_RULES

The program has started on the 10th of March at 2 PM UTC.

DLM-2000 distributes a fixed number of points per day across a selected set of pools. The allocation of daily points to each pool is determined based on its value for Microchain traders.

Users earn points proportionally to their share of liquidity in the qualifying pools.

LPs can track their points and rating among other program participants in the leaderboard. The system continuously tracks LP tokens and updates point distribution in real-time, reflecting changes at least once per hour. If an LP removes liquidity, their share of the pool decreases proportionally to the liquidity removed. Further points will be acquired proportionally to the new share of the pool. Points accrued in the past don’t extinguish.

Points do not expire and can be exchanged for future incentives or benefits.

The set of pools, as well as the exact number of points allocated to each pool on a daily basis, might be reviewed and modified by the Microchain Team with prior notice. Other parts of the program can be modified or discontinued with prior notice at least two weeks in advance. Any further changes will be announced on Microchain social networks and this post will be updated. To stay informed, follow Microchain on our Discord and X.

>DISPLAY >> points_distribution_formula.exe

Dinos from the retro Wall Street love to be precise. The points in the program are calculated via the following formula:

Where:

• User’s LP tokens = Number of LP tokens held by the user at the time of calculation.

• Total LP tokens = Total supply of LP tokens in the given pool.

• Daily Points Allocation = Fixed amount of points assigned to the given pool.

Calculation Example

• Pool: ETH/USDC

• Daily Points Allocation: 500,000

• Total LP tokens in the pool: 100,000

• User's LP tokens: 10,000

If a clever Dino puts all of those numbers in the formula, he will get the following result:

*User’s Daily Points = (10,000/ 100,000)500,000 = 50,000

>LIST_QUALIFIED_POOLS

In total, five pools are currently eligible for the Microchain Liquidity Points Program. Check the details in the pictogram depicted below.

The newbie Dinos can learn how to provide liquidity on Microchain in our step-by-step guide.

> FINAL_OUTPUT >> PROGRAM_STATUS: [ACTIVE]

The Liquidity Points Program incentivizes liquidity, improves trading on Fuel, and strengthens our LP ecosystem. Points are live, and Dino LPs are actively battling each other on our leaderboards.

Don’t miss a chance to be a part of the historical DLM-2000 program, follow the retro Wall Street-style updates on our Discord and X.

RWRRAWWWRR,

The Dinos Team

(Derek, Frank, Brian)

You probably noticed that MIRA hasn’t had any upgrades since the Dino era. That’s because we’ve worked on rebuilding the entire app from scratch. Now it’s done. Polished. Upgraded. Juiced with a new design. Your new trading mainframe is officially live on Fuel.

In this article, exploring the latest changes and upcoming updates, our team will introduce you to our prehistoric project.

NOTE: FURTHER POSTS WILL BE PUBLISHED IN THIS OFFICIAL MICROCHAIN BLOG ON MIRROR. You can find it via the link.

> SYSTEM_LOGS

Some say we just added a fresh coat of retro-paint. Wrong. We rebuilt the entire reactor core. If you go to microchain.systems now, you’ll notice a few big changes as the app has been refactored.

>> Faster_estimation

When making a trade, our app needs to estimate the price by simulating the routing through pools and estimating gas costs. This used to take several seconds per trade, but through various optimizations and parallelization, we’ve been able to bring that down to under a second. This means faster trades and less friction for you as a user, making the trading experience smooth like a pteranodon.

>> Instant_swaps

We’ve also implemented Fuel’s new pre-confirmations, which significantly reduce the time for a transaction to execute. With Fuel’s high-performance VM, this might be some of the fastest swaps possible to achieve on an L2. It does feel good, the Dinos can assure you.

>> Polished_UI

We’ve gathered lots of feedback from users on UX that was making their lives harder. We’ve addressed a large portion of those issues, and the app is not much easier to use. This will be an iterative process that doesn’t end, but you should be able to notice changes by using the app today. You deserve to trade on a DEX that doesn’t feel like 1994... even if we love the retro vibes.

> REQUEST_FEEDBACK >> community_debugger.cafe

More dino hands, fewer bugs. That’s the law of evolution. That’s why we need your help stress-testing the DLM-2000 engine, so it will become truly seamless.

If you have found a bug, please fill in the form.

If you want to report feedback or simply talk about something that doesn’t fit into the bugs report format, like our communications and marketing strategy, our designs, etc, you can always reach out to us on Discord or X. Meet the crew:

• Derek (CEO / Dinosaur-in-Chief)

• Frank (CTO / Terminal Overlord)

• Brian (Intern / Debugger & Snack Ops)

Don’t shy away and reach out. We read everything. Even the memes.

> UPDATE_ROADMAP >> future_changelog.wip

However, the changes don’t stop there! There’s more code on the horizon…

Price impact of trades → Top priority. We’ve heard you loud and clear, and we need to improve the capital efficiency of the protocol. A big upgrade is coming within the next 30 days. We’ve been working on this issue for a few months. This will make swaps cheaper and give LPs even more ways of earning rewards.

Improving the liquidity point program → More logic. More rewards. More bite.

Token launch → Yes.

Ve(3,3) → Coming soon to a liquidity machine near you.

We’re building, optimizing, and occasionally breaking things on purpose.

>POINTS_PROGRAM_CONTINUED

The MIRA Liquidity Points Program is now the Microchain Liquidity Points Program. There’s no action needed from you if you’re one of the participants.

It’s just the interface change from the Dino team.

You can find more info about the Points Program in one of our past articles.

> FINAL_OUTPUT >> LAUNCH_STATUS: [SUCCESS]

Thank you to every single trader, builder, and Fuel-powered user who helped us reach this launch. We’ve come a long way from the early MIRA glitches. Now, we’re proud to power a smarter, sharper, dino-designed decentralized exchange.

Keep trading, keep testing, and don’t forget to feed your liquidity bots.

We'll see you at the DLM-2000, on our Discord and X.

RWRRAWWWRR,

The Dinos Team

(Derek, Frank, Brian)